EuroDry Ltd. (EDRY) Form 6-K — Oct 14, 2026
EuroDry Ltd. (NASDAQ: EDRY) signed a contract with Hengli Shipbuilding (Dalian) for a third 82,000 DWT Kamsarmax bulk carrier, an eco-design vessel compliant with EEDI Phase 3 standards, scheduled for delivery in Q3 2029. The total contract price is approximately $37.0 million, to be financed with a combination of debt and equity, and remains conditional on receiving a refund guarantee from a bank acceptable to the Company. CEO Aristides Pittas said new tonnage is a better economic proposition since five-year-old Kamsarmaxes are valued at or above newbuilding prices.
Key figures
- Deal Value Usd
- 37000000
- Vessel dwt
- 82000
- Vessel type
- Kamsarmax bulk carrier
- Delivery quarter
- Q3 2029
- Current fleet vessels
- 11
- Current fleet capacity dwt
- 766420
- Newbuilding program vessels
- 5
- Post delivery fleet vessels
- 16
- Post delivery fleet capacity dwt
- 1139420
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.